UPDATE: The Playboy Mansion Is Back Up For Sale

Update 08/05/2016: Playboy buffs who are up to the challenge of living with Hef, now's your chance.

TMZ reports that the impending sale of the Playboy Mansion has fallen through. Daren Metropoulus – the 32-year-old owner of Hostess Brands who was set to buy the manse – allegedly offered $100 million for the Los Angeles home, according to The New York Times.

The reason for the fallout? Metropoulus apparently wanted to restore and expand the manse, but Playboy nixed the idea, saying that it would disturb Hefner. (One of the infamously talked about terms of the sale was that Hef could live there for the rest of his life.) Yikes.

Originally 06/06/2016: Few events in Hugh Hefner's life are mundane, and the sale of his notorious Playboy mansion in Los Angeles is no exception.

The buyer of the compound is Daren Metropoulus, the owner of Hostess Brands, meaning Hefner might be seeing quite a few Twinkies in his home from now on (snacks for days, Hef!). The terms of sale state that 90-year-old Hefner has the right to live in the mansion for the rest of his life. Metropoulus is just 32 years old — yes, you read that right — and is currently Hefner's neighbor.

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The financier and former co-chief executive of Pabst Brewing Company purchased his current home on the neighboring lot from Hefner in 2009 for $18 million, reports the Wall Street Journal. The final sale amount he agreed on for the Playboy Mansion has not been released.

"The heritage of this property transcends its celebrity and to have the opportunity to serve as its steward would be a true privilege," Metropoulos told the Wall Street Journal. Well, you can't beat heritage.

Playboy Enterprises acquired the Playboy mansion in 1971 for $1.05 million, reports the Wall Street Journal. According to TMZ, although Playboy Enterprises touted the mansion to be worth $200 million when it was listed, real estate sources have deemed it to be in tear-down condition and worth as little as $60 million (but that because of its, uhm, history, the value could jump to anywhere from $80 million to $90 million).

After Hefner's tenancy ends, a representative for Metropoulos told the Wall Street Journal that the buyer intends to combine the estate with his own property for a 7.3-acre compound. The Playboy mansion is approximately 20,000 square feet with 29 rooms. The estate also comes with a zoo license — and if Metropoulos is anything like Hefner, we suspect quite a few party animals will ineed be roaming its halls.